New Year, No Improvement as U.S. Prime Jumbo RMBS Delinquencies Approach 10%

[Beet]

Bad news...

NEW YORK--(BUSINESS WIRE)--U.S. prime jumbo loan performance continued to weaken in January as serious delinquencies rose for the 32nd consecutive month, according to Fitch Ratings in the latest edition of Performance Metrics.

"The new year has brought no relief from declining jumbo loan performance," said Managing Director Vincent Barberio. "The trend line for delinquencies indicates the 10% level could be reached as early as next month."

http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100208005973&newsLang=en

There's no sign of slowing on this one. Where does it lead?

[Sam Spade]

Ask me when the cash flow no work...

[Free Trade is managed by the invisible hand.]

another lagging indicator...